If the population of a country is 1,000,000 people, its labor for consists of 500,000, and 40,000 people are unemployed, the unemployment rate is: O 8.0 percent. O 7.4 percent. O 50.0 percent. O 4.0 percent.
Q: Which of the following will most likely cause a change in the natural rate of unemployment?…
A: Unemployment arises when workers who wish to work are unable to do so, resulting in a reduction in…
Q: he production of electrical transformers as found that the total fixed cost of the t was (1,000,000)…
A: *Answer:
Q: Question 18 Why may a household’s labor supply curve bend backwards at some wage rate? Group of…
A: The labor supply curve is a graphical tool which indicates the number of labor hours supplied at…
Q: Question 2 The weekly demand function for bubble tea at Bobo Tea Malaysia is: P = 200- 4Q where Q is…
A: Elasticity measures the responsiveness of quantity demanded to changes in price level
Q: Explain how oil plays a role in the price of the good (fertilizer)
A: Oil is utilised for a variety of purposes in almost all sector. As the cost of commodities rises,…
Q: A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost…
A: Answer: A perfectly competitive firm maximizes its output where its marginal cost equals the…
Q: How did the framers of the Constitution balance the competing claims of local self-government,…
A: When the power is divided among the governing bodies then it will help to efficiently monitor the…
Q: One of the following is not the reason for negotiating. a. To prevent exploitation/harassment b.…
A:
Q: Given the following demand functions of a discriminating monopolist and the composite cost function,…
A: Profit is the amount earn by monopolist or any firm after reducing the marginal cost from marginal…
Q: What major InfoSec duties would you propose for a smaller organization with three full-time and two…
A: The InfoSec programme is used to create, implement, and maintain an information process that secures…
Q: Hand written plzz Part 1 The Federal Reserve buys $40.00 million in Treasury securities. If the…
A:
Q: a) What will happen to the equilibrium price and quantity of beef if the price of chickenfeed…
A: The measure that depicts the point where the demand and supply curvess tend to intersect each other…
Q: Assess urban ecology and the pursuit of sustainable cities
A: The term 'urban' relates to a place where a large population lives in a smaller area, and most…
Q: Singapore's demand for China's imports will shift up by 10%, leading to a new equilibrium at point B…
A: The exchange rate measures one country's currency value in terms of another country's currency.…
Q: bans are made to consumers at th the aggregate quantity of loans ted by L. Government loans ar…
A: *Answer: (A). In actuality, there are better than dual cross periods over which redemption and…
Q: In reality, the long run supply curve tends to be: Multiple Choice upward sloping downward sloping…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: LAS LASO SASI # SASO Real GDP SAS1 Real GDP Real GDP Figure C Figure D In the above figure, which…
A: The aggregate supply is the total amount of services and commodities that firms in an economic plan…
Q: The use of a dollar bill to buy a concert ticket represents the function of money as a Omedium of…
A: The function of money: Medium of exchange: Money is accepted as a means of payment, it initiates the…
Q: Answer D and Answer E
A: Answer: (D). Pork: Foot and mouth disease (FMD) hits thousands of pigs resulting in a very high…
Q: The sales mix percentages for Guillen's Chicago and Charlotte Divisions are 70% and 30%. The…
A: To calculate the break-even point in terms of dollar value, the break-even sales are multiplied by…
Q: Tea prices are expected to rise rapidly in the near future. e. Used cars in NYC: Mayor Adams wants…
A: The interaction between those who sell a resource and those who purchase that resource is the…
Q: Business group Business Unity South Africa (BUSA) has written to Transport minister Fikile Mbalula…
A: Transport Policy is a peer-reviewed worldwide journal dedicated to enhancing the quality of…
Q: To make CDs look more attractive than they really are, some banks advertise that their rates are…
A:
Q: Calculate the real GDP growth rate for 2019, if real GDP in 2018 is 500 Euros and real GDP in 2019…
A: GDP is the value of final goods and services produced in the country.
Q: Define and explain the structure of NEDLAC
A: There are many economic institutions that work together for the betterment of the economy and the…
Q: Question 6 Suppose the yearly demand and supply curves for Purebread Organic Dog Biscuits is given…
A: Demand refers to the quantity of an item or service that consumers purchase at various prices during…
Q: In 250 - 300 words, evaluate the role of the international monetary system in promoting…
A: The international monetary systems are the bodies that act at international level to set the…
Q: Q1. Firms in oligopoly must constantly think in terms of how other firms in the industry will react…
A: Market structure alludes to how various businesses are ordered and separated in view of their…
Q: Consumption function C = 32 +0.8 Y. a. Create saving function b. How much is consumption when…
A: The aggregates are part of macroeconomics. The C is Consumption, S is Savings and Y is Income. The…
Q: Question 6 Hand written plzz - 2%, 12t4%, and Imagine that in a given point in time, t, we observe…
A: Answer - The expectation theory :- According the expectation theory the long run interest rates…
Q: Analyze and compare fiscal and monetary policy in order the generate macroeconomic stability. Which…
A: The branch of economics that deals with the economy as a whole taking into account employment,…
Q: mpetitive markets ere is often a trade-off between equity and efficiency. mpetitive markets lead to…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If you…
Q: uppose that a consulting firm has generated the following information about the economy of…
A: The measure that depicts final value of goods and services produced in an economy during given time…
Q: "Australia's booming housing demand could be impacted by China's move to restrict steel production,…
A: Market equilibrium is achieved at the price at which quantities demanded and supplied are equal.
Q: fer to Figure 1 in Question 11. The car-repair shop charges $150 per repair. What is the value of…
A: Number of Machines (A) Number of Cars Repaired (B) 0 0 1 8 2 12 3 15 4 17 5 18
Q: Planning for a major redesign, Itumeleng collected data at her store on several consecutive…
A: She has to learn more about the framework's rules of behavior. It should first determine whether she…
Q: 9. What is an assumption of a Neoclassical model? a. The future is uncertain b. Output increases…
A: Supply and demand are used to describe the production, price, consumption, and income distribution…
Q: Assume that it takes 2 hours of labor to produce a unit of good X and 6 hours of labor to produce a…
A: The next best alternative is commonly referred to as opportunity cost. It's also known as the…
Q: Which of the following is a determinant of the demand elasticity? O Number of substitute goods O…
A: Price elasticity of demand measures the sensitivity of the change in quantity demanded to the change…
Q: In the "circular flow model" of a macro economy, the population is growing savings are large enough…
A: The circular flow of income shows how money flows between households and firms
Q: An oil refinery finds that it is necessary to treat the waste liquids from a new process before…
A: machine A 1st Year Cost = 20,000 each year costs fall by 2,000 Machine B Fixed cost per year =…
Q: 1. Suppose that other things are constant, Thailand's Department of Commerce (TDC) estimate the…
A: The measure that depicts the change in quantity demanded of a good or service with respect to its…
Q: Two players are playing a game that is given in a tree form below: 1 1 S P 1 H
A: In this game, subgame perfect nash equilibrium(SPNE) can not be found using backward induction…
Q: How much natural gas does South Korea import?
A: Imports refer to the international trade where the goods or services flow from the foreign countries…
Q: Part 4 Question B: “Economic Decision-Making Process” Prompt: explain how each stage is critical…
A: A decision-making process is a set of steps that an individual goes through to determine the best…
Q: Illustrate the following situations using supply and demand curves for money: a. The Fed buys bonds…
A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…
Q: 5. For a profit-maximizing firm with a marginal-cost function MC(q) =q³²+ 6, find: (a) PS (producer…
A: Given The marginal cost function of a profit-maximizing firm is given as MC=q3/2+6 We have to find…
Q: Consider the following game, where M > 0: The matrix payoff is shown below Gill Left Right James…
A:
Q: 3. We typically focus on firm from well-developed economies entering markets of less developed…
A: If companies from less developed economies join established markets like the United States, they…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Give typing answer with explanation and conclusion 13.The zero curve is downward sloping. Define X as the 1-year zero rate, Y as the 1.5-year zero rate and Z as the forward rate for the period between 1 and 1.5 years. Which of the following is true ? a. X is less than Y which is less than Z b. X is less than Y which is greater than Z c. X is greater than Y which is greater than Z d. X is greater than Y which is less than ZAssume that an economy's production function is Y=1,000L1/2,so that when the marginal product of capital is equated to the real wage the labor demand curve is L = 250,000(P/W)2. The labor supply curve is L = 31,250(W/P). The real wage that solves these equations is W/P = 2. Assume that the expected price level is 10, so that a nominal wage contract setting the wage at 20 is agreed to, making the expected real wage 2. If the price level turns out to be 10, 62,500 workers will be hired and output will be 250,000. If the actual price level turns out to be 20, what will the actual real wage be?b. According to the labor demand curve, how much labor will be demanded if the actual real wage is at the level given in part a?c. According to the production function, if the amount of labor given in part b is actually hired, how much will production be?Assume that the real wage in an economy is held above equilibrium.a. Graphically illustrate how an increase in technology that raises the demand for labor willchange the number of unemployed workers. Be sure to label the axes and the quantities oflabor hired before and after the technological progress.b. Explain in words what happens to the number of unemployed as a result of this change.a. The number of unemployed falls from (L – L1) to (L – L2).
- Let's assume that Enrique borrows $420,000 from the Bank of America and let's assume that the interest rate on this loan is fixed at 9%. If the current inflation is 6%, then the real interest rate in percentage is:If the inflation rate is 3 percent and the nominal interest rate is 8 percent, how much is the after-tax real interest rate if the government imposes a 20 percent interest income tax? O a. 3.4 percent O b. 4 percent O c. None of the above O d. 5.4 percent.The consumer price index was 100 in 1994 and 103.3 in 1995. Therefore, the rate of inflation in 1995 was about: O 3.3 percent O 2.8 percent O 4.4 percent 1 pts O 6 percent
- 32. Suppose a person receives a 5% increase in pay when inflation is 4%. In this case, the nominal increase is__________ , the real increase is ____________, If the employee overestimates the real gain, this would be an example of___________. O. 9%, 4%, price confusion O. 5%, 1%, sticky wages O. 5%, 1%, employee misperceptions O. None of the other choices listed is correct. O. 5%, 4%, shoe leather costs 33. It is known that the method used by the BLS to calculate the U3 unemployment rate biases the results, All of the biases tend to cause the reported U3 statistic to be lower than what it really is. O. True O. False7 Aggregate labour hours, L, are given by L = 51*(1-t), where 't' is the rate of income tax. The real wage rate is fixed and equal to 1. At what tax rate is tax revenue maximised? State your answer to 2 decimal places.In what situation would the expected real interest rate be negative? O The nominal interest rate is less than the expected inflation rate. O The nominal interest rate is greater than the real interest rate. O The expected inflation rate is greater than the actual inflation rate. O The expected real interest is greater than the expected inflation rate. O The actual inflation rate is greater than the nominal interest rate. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
- Based on Okun's rule of thumb, if you forecast that the output gap will decline from -1% to -3%, the unemployment rate will: O rise by 0.5%. rise by 2%. O rise by 1%. fall by 1%.Lucy is tempted to buy 200 apples, with each one costing $2. However, she realizes that if she saves the money in a bank account she should be able to buy 240 apples. If the cost of the an apple increases by the rate of inflation, i.e. 8%, according to the Fisher equation, how much would the nominal rate (%) of the return on the bank account have to be? Explain with calculations and conclusionSuppose a firm’s hourly marginal product of labor is given by MPN = A (200 – N) If A = 0.2 and the real wage rate is $10 per hour, how much labor will the firm want to hire? Suppose the real wage rate rises to $20 per hour. How much labor will the firm want to hire? With the real wage rate at $10 per hour, how much labor will the firm want to hire if A rises to 0.5?